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MSR-Hungry New Residential Readies Preferred Stock Deal, Provides Ditech Update

August 8, 2019
Paul Muolo

At June 30, the REIT owned $441 billion of MSRs, a 9.7% increase from March 31. The figure exclude excess servicing rights.


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Primary MI Volume Soars in 2Q19, Best Showing Since Late 2016

August 8, 2019
John Bancroft

The top three MIs in terms of risk-in-force: Arch, Radian and MGIC...


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CEO of GSE Single-Security Platform to Depart, No Specific Date Provided

August 8, 2019
Dennis Hollier

CSS has retained Spenser Stuart – a talent vendor frequently used by Fannie – to conduct an executive search.


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HUD Sides With Lenders on Disparate-Impact Claims

August 8, 2019
George Brooks

In its analysis of the Fair Housing Act, the Supreme Court noted the importance of limiting disparate-impact liability so as not to hinder lenders…


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Short Takes: All Eyes on Stocks and Bonds / Fear the ‘Transition’ Tax? / A Fee, Not a Tax / Applications Finally Rise / A Small Profit at AAMC Because of a Stock Markup

August 7, 2019
Paul Muolo and Yemeng Yang

New mortgage applications increased 5.3% for the week ending August 2, according new figures released by the Mortgage Bankers Association. The refi share inched up to 53.9% of new business from 50.5% the week prior.


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More Bad News from Ocwen: Subservicing Clients Disappearing, $872M in Debt Coming Due

August 7, 2019
Paul Muolo

In a new 10-Q filing with the SEC, Ocwen disclosed roughly 40 “risk factors,” including “uncertainty” tied to litigation, cease and desist orders, investigations brought by government agencies and more…


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FHA’s Loan Review System Back Online. Documents Lost? Unclear

August 7, 2019
George Brooks

FHA originators use LRS for post-endorsement loan reviews, unconditional direct-endorsement test cases, lender monitoring reviews, and self-reporting of fraud…


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Plenty of Million Dollar-Plus Mortgage CEOs Out There? Probably

August 7, 2019
Paul Muolo

Oftentimes, when discussing compensation, the focus is on the top earners but those interviewed by IMF said there’s plenty of middle-market CEOs and production chiefs earning at least $1 million a year.


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Verus Set to Issue Another Large Expanded-Credit MBS

August 7, 2019
Brandon Ivey

The $569.11 million MBS will be the third deal of the year from Verus with a dollar volume greater than $500 million.


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Short Takes: Ocwen’s Cash Position / Stocks for Under $5, Not Necessarily a Bargain / Lenders One Gets New Sales Chief / The Altisource Connection / NAR’s New Senior Policy Rep

August 6, 2019
Paul Muolo

The Lenders One co-op is controlled by industry vendor Altisource Portfolio Solutions, which is pondering a sale. Altisource is publicly traded and started out in life as part of Ocwen…


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Latest Imf News

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